Circulating Credit Instruments

Circulating Credit Instruments

tokens of value that are part of the development of credit and act as a means of circulation and a means of payment. Unlike paper money, which is used primarily to finance state expenditures and cover budget deficits, circulating credit instruments are usually issued to meet the needs of turnover in the mediums of circulation and payment. Among the types of circulating credit instruments are promissory notes, checks, and bank notes.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.